The diamond market is down, but jewelers seem to be doing okay. What do you think is causing that difference in sentiment between the jewelry retail and the diamond wholesale markets?

Diamond trading may have slowed in 2023, but there are several developments that are shaping the market and creating positive energy around jewelry. The Rapaport editorial team discusses some of the high-profile events that may have raised the bar for the rest of the industry. 

Trading is slow but there’s a lot to look forward to in the diamond trade. What events or trends do you expect will raise market sentiment?

With diamond trading currently quiet, the industry is looking ahead to various events that may lift sentiment and business activity. From where do you see the turnaround coming?

Rapaport News Editor Joshua Freedman chats with Lita Asscher, president of Royal Asscher Diamond Company, and Harsh Shah, director of Pasavaja Gems, about the Young Diamantaires group following their recent fact-finding trip to India.

Rapaport is the primary source for diamond pricing and information. Here's our view of the global diamond market for the week of April 21st.

Read all the stories of the week on our website Rapaport.com, and follow us on Twitter, Instagram, LinkedIn, and Facebook.

In his presentation during International Diamond Week in Israel, Rapaport Group Chairman Martin Rapaport outlines the challenges the industry faces regarding synthetics and Russian sanctions, stressing the importance of full disclosure of supply relating to both issues.  

Bruce Cleaver, cochairman of De Beers, sat with Rapaport’s Avi Krawitz to discuss the company’s ongoing negotiations for a new marketing and mining deal with the Botswana government. They also talked about traceability and how De Beers is facilitating this through its Tracr blockchain platform, the importance of branding, lab grown and De Beers positioning in that sector, and current market conditions.

The discussions and meetings that took place in Israel this week, said a lot about the diamond trade’s mindset. What do you think should be on the agenda that wasn’t?

What does the Federal Reserve’s interest rate decision have to do with the diamond industry? Well, pretty much everything if we want to understand the slow market environment that we continue to experience.